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Dec 27, 2012
12/12
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obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered the deficit. pass his tax cut. a win and he can blame the g.o.p. i would argue i don't think the g.o.p. had the ball on this fight. i don't think they gave it up. i don't think they had it. it's very tough for them to win against the white house like this. and a white house press corps that is not going to report anything negative against the president. >> eric: the ball is a debt ceiling. remember, all the negotiations, tell you, i'll get to greg, they have to go through the house. money negotiations go through the house. if the house says no on raising debt ceiling they can create havoc. go ahead. >> greg:
obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered...
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Nov 10, 2012
11/12
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threatens layoffs if president obama was reelected. now he is singing a very different tune. you won't belief what he really did. david siegel joins me to explain why. even when they say it's not it is always about money. melissa: and first, let's take a look at the day's market headlines. stocks squeaked out small gains following their biggest two-day decline for the year. concerns about the fiscal cliff still lingering but better than expected consumer sentiment gave a little optimism to investors. the dow closed up four points. groupon's shares nosedived more than 30% today. the daily deal site reported disappoint earnings on both of top and bottom line. the stock is down more than 86% from its $20 a share ipo price. >>> shares of kayak soared close to 28%. priceline.com announced it will acquire the on line travel site for $1.8 billion. it is their lucky day. >>> let the rationing begin. new york city and long island now imposing alternate day gas rationing, are you kidding me? 11 days after the storm slammed the east coast, giant
threatens layoffs if president obama was reelected. now he is singing a very different tune. you won't belief what he really did. david siegel joins me to explain why. even when they say it's not it is always about money. melissa: and first, let's take a look at the day's market headlines. stocks squeaked out small gains following their biggest two-day decline for the year. concerns about the fiscal cliff still lingering but better than expected consumer sentiment gave a little optimism to...
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Dec 20, 2012
12/12
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CURRENT
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remain optimistic because if you look at what the speaker has proposed he has conceded that income tax rates should go up except right now he only wants to have them go up for millionaires. >> tomorrow the senate will pass legislation that will make the tax cuts permanent for 99.1% of the american people. then the president can call on democrats to pass the bill or he can be responsible for the largest tax increase in american history. >> jennifer: i don't know, mr. president. i think you may need to call his bluff again. so for a look at the good bad, and ugly ideas for the fiscal cliff is tad divine. he was a senior strategist for gore and kerry's presidential campaign. welcome back inside "the war room," ted. >> governor good to be with you. >> jennifer: speaker boehner's plan b is a bad idea for the country, but it is a good idea for house republicans? >> i think they are concerned about what may happen to them in a republican primary. that motivates almost every action they take these days and that leads them to have a vote that can give them cover later on. but the speaker and th
remain optimistic because if you look at what the speaker has proposed he has conceded that income tax rates should go up except right now he only wants to have them go up for millionaires. >> tomorrow the senate will pass legislation that will make the tax cuts permanent for 99.1% of the american people. then the president can call on democrats to pass the bill or he can be responsible for the largest tax increase in american history. >> jennifer: i don't know, mr. president. i...
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Dec 27, 2012
12/12
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obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered the deficit. pass his tax cut. a win and he can blame the g.o.p. i would argue i don't think the g.o.p. had the ball on this fight. i don't think they gave it up. i don't think they had it. it's very tough for them to win against the white house like this. and a white house press corps that is not going to report anything negative against the president. >> eric: the ball is a debt ceiling. remember, all the negotiations, tell you, i'll get to greg, they have to go through the house. money negotiations go through the house. if the house says no on raising debt ceiling they can create havoc. go ahead. >> greg:
obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered...
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Dec 28, 2012
12/12
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pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make
pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have...
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Dec 8, 2012
12/12
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this is barack obama's tax reform and he's going to raise the rates on capital gains and dividends, responsible even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on the middle class portion of in tax? >> i think if he was allowed to say, look, republicans wou
this is barack obama's tax reform and he's going to raise the rates on capital gains and dividends, responsible even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in...
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Apr 13, 2012
04/12
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president obama wants to raise tax rates. ronald reagan oversaw massive drop in unemployment. 43% drop in unemployment from the beginning of reagan till the end. unemployment is up. median income under reagan went up $4,000 bucks per family. >> dana: i think it's important that when we make comparisons we have to take the whole quick conditions in to account. a lot of things are different from reagan days. the principal of tax reform is not what what president obama is talking about. take it from the "washington post," a fact check and said that it's misleading for obama to suggest that reagan was pushing for the same concept and label the buffett rule the reagan rule. two pinocchio. does he keep getting pinocchios over and over from the fact-check organization. they don't double down. they are all in on this. i don't think it's working. democracy they say it enough somebody will believe it. the perception is reality thing. people will be hypnotized to a stupor and follow that, whatever you say. it couldn't be further from th
president obama wants to raise tax rates. ronald reagan oversaw massive drop in unemployment. 43% drop in unemployment from the beginning of reagan till the end. unemployment is up. median income under reagan went up $4,000 bucks per family. >> dana: i think it's important that when we make comparisons we have to take the whole quick conditions in to account. a lot of things are different from reagan days. the principal of tax reform is not what what president obama is talking about. take...
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Nov 29, 2012
11/12
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tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there when it comes to talking about entitlements, or earned benefits as progressives like to refer to it, what is the way that the president and those on the left can look and also appear to the right to be willing to compromise? what can they put on the table, if anything? >> well, i just don't think that any of us think that it is a reasonable idea to over the course of the next week and a half, over the course of the holiday season, for the president and this congress, which is a lame duck congress, to engage in major entitlement reforms of programs that have helped to lift millions of americans ou
tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there...
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Dec 27, 2012
12/12
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we had a nation that voted for obama's plan to raise taxes on the wealthy. >> that's a good idea. we should raise taxes on the 2% wealthiest people in america. but there's this group of people on the far right that will vote them out of office. they will put up somebody farther right than the people we have in washington and get them out of office. so they're all afraid to vote for a modest tax increase of people who can totally afford it. and that small group of people is dominating this discussion to the detriment of the entire nation. >> john mcccain said this. interesting it has interestingly become clear that the party is against everything and for nothing. nothing on taxes to you. nothing on gun control. nothing on climate change. nothing only gay marriage. nothing on immigration reform on incremental peace approach which will result in nothing. it's a very odd situation when the losing party is the party refusing to negotiate. it may be how you disrupt, but it is now how you govern or how you ever hope to regain a majority. listen to these strategists from the right. >> we
we had a nation that voted for obama's plan to raise taxes on the wealthy. >> that's a good idea. we should raise taxes on the 2% wealthiest people in america. but there's this group of people on the far right that will vote them out of office. they will put up somebody farther right than the people we have in washington and get them out of office. so they're all afraid to vote for a modest tax increase of people who can totally afford it. and that small group of people is dominating this...
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Dec 27, 2012
12/12
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no obama comes in and wants to spend more and raise taxes. republicans are saying no. we would have a problem if obama hadn't increased the budget by a trillion dollars more a year. gerri: let's face it, whether you're talking about stimulus spending, obamacare, that's3 going to go through the roof, the things that you're going to pay for all this with higher taxes is lunacy, to say the least. on that note, we're going to have to leave it there. thank you for coming, grover. we hope to see you in the new year. christmas sales were weaker than expected. so now retailers have to give shoppers deeper discounts. in a new proposal to help stggli homeowners. don't worry, the government will take care of you. we will explain coming up next gerri: retailers are experiencing their worst holiday performance since the 2008 financial crisis. but is it too late to count retailers out? could post holiday discounts have retailers and shoppers spurting? let's ask founder america's research group, president and chief economist. whathappened with retail sales? we were expecting a 3% gai
no obama comes in and wants to spend more and raise taxes. republicans are saying no. we would have a problem if obama hadn't increased the budget by a trillion dollars more a year. gerri: let's face it, whether you're talking about stimulus spending, obamacare, that's3 going to go through the roof, the things that you're going to pay for all this with higher taxes is lunacy, to say the least. on that note, we're going to have to leave it there. thank you for coming, grover. we hope to see you...
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Nov 9, 2012
11/12
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today, president obama will make his first post-election address. he'll discuss the so-called fiscal cliff and what needs to be done to avoid the january 1st deadline that would trigger a combination of tax cuts and deep spending cuts. tax increases, i should say. the president not expected to put forward a specific plan yet, but he will call on politicians from both parties to get together to tackle the nation's fiscal trouble. this is a new report from the congressional budget office, warns that a fiscal cliff would, in the short term, drive the u.s. economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i woul
today, president obama will make his first post-election address. he'll discuss the so-called fiscal cliff and what needs to be done to avoid the january 1st deadline that would trigger a combination of tax cuts and deep spending cuts. tax increases, i should say. the president not expected to put forward a specific plan yet, but he will call on politicians from both parties to get together to tackle the nation's fiscal trouble. this is a new report from the congressional budget office, warns...
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Dec 13, 2012
12/12
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we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will go back to john in d.c. if any developments do happen here at this point. we mentioned at the top of the show, press conferences between, you know, we got boehner and we got reid and where do we get at the end of the day? really nowhere. >> i don't think you can chalk this up to really, you know, the volleys we're talking about that seem quite pathetic and boehner saying he's going back to ohio, you know, come get me if you've got something to say. this stuff is hitting the tape and kind of silly. this is, to me, the market's reaction is just hangover from the fed getting out of the way. if you look at markets right now, we have some major resistant levels and i do think this is a technical call as much as anything. i don't think markets have broken down here, but i think we have a decent place to play right back into 1380 before you have to worry. >> totally agree.
we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will go back to john in d.c. if any developments do happen here at this point. we mentioned at the top of the show, press conferences between, you know, we got boehner and we got reid and where do we get at the end of the day? really nowhere. >> i don't think you can...
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Dec 29, 2012
12/12
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cuts and president obama campaigned and sounds like, 400,000 may be where they're heading. a leader says that permanency is key, and fixing the death tax and a permanent solution for the alternative minimum tax which threatens 28 million americans every year, would also help win republican support, heather. >> mike emanuel reporting from washington with the latest, thank you, mike. >> kelly: heather and mike, thank you very much. and president obama trying to light a fire under congressional lawmakers, urging them to come up with a deal after friday's bipartisan white house summit. >> we're now at the last minute. and the the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> kelly: so the question becomes, why can't washington seem to work this out? why has it taken so long when they knew they had this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john kerry and barack obama campaigns. thank you
cuts and president obama campaigned and sounds like, 400,000 may be where they're heading. a leader says that permanency is key, and fixing the death tax and a permanent solution for the alternative minimum tax which threatens 28 million americans every year, would also help win republican support, heather. >> mike emanuel reporting from washington with the latest, thank you, mike. >> kelly: heather and mike, thank you very much. and president obama trying to light a fire under...
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Nov 10, 2012
11/12
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. >> the tax increases that president obama has fought for would actually increase taxes on small businesses by about $50 billion a year going forward. >> in 2010 when the economy was growing at 2.3%, president obama extended all the tax cuts, saying the economy was too weak to digest a tax increase. now the economy is growing at only 2%, but mr. obama is forging ahead and senator reid argues he got a mandate to do so. >> the president campaigned around the country saying we know what the problems are with this fiscal problem. we just need some revenue. that was the issue. >> the speaker of the house says increased revenues are fine, depending on where they come from. >> for the purposes of forging a bipartisan agreement that begins o solve the problem, we're willing to accept new revenue under the right conditions. >> meaning new revenue from growth and reform, not tax increases. he points to the bipartisan 1986 reagan reforms which eliminated tax deductions in order to increase revenues and lower tax rates. the same approach given president obama by the bowles-simpson commission. in washin
. >> the tax increases that president obama has fought for would actually increase taxes on small businesses by about $50 billion a year going forward. >> in 2010 when the economy was growing at 2.3%, president obama extended all the tax cuts, saying the economy was too weak to digest a tax increase. now the economy is growing at only 2%, but mr. obama is forging ahead and senator reid argues he got a mandate to do so. >> the president campaigned around the country saying we...
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Nov 30, 2012
11/12
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take a listen. >> obama: let's make sure that middle class taxes don't go up. let's get that done in the next couple of weeks. let's also work together on a fair balanced responsible plan so that we are paying our bills we're not spending it on things we don't need but we're spending it on the things that make us grow. >> jennifer: he got the message to the public. what is he saying to congress. >> he's basically saying what we've seen other people say here around town which is give me a proposal. i think one of the lessons that the president learned early on during the first part of his administration is i think somebody else in the "washington post" might have said it when they said he's not going to negotiate with himself any longer. the nicer gentler barak obama who did closed-door negotiations who was always greeted by members of congress with obstructionism that is gone with the majority of americans voting for him. he came out and said give me a proposal. if you want to limit tax deductions tell me what it is you want to limit. if you want to reduce enti
take a listen. >> obama: let's make sure that middle class taxes don't go up. let's get that done in the next couple of weeks. let's also work together on a fair balanced responsible plan so that we are paying our bills we're not spending it on things we don't need but we're spending it on the things that make us grow. >> jennifer: he got the message to the public. what is he saying to congress. >> he's basically saying what we've seen other people say here around town which...
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Dec 4, 2012
12/12
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and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare part at this moment in time. yeah, absolutely. >> so there are so many ways that any of this could affect the average tack payer, obviously if taxes go up. but what about funding to states and localities. i know that one of the things that they are concerned about is that when you make cuts, that essentially those cuts are going to come on their budgets. what could happen in a meeting like this between bipartisan governors and the president? >
and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way...
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Dec 1, 2012
12/12
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cuts. >> obama: joe biden was in costco. he wanted to buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. >> cenk: and then i handed him in a pen. >> my favorite reality show on television is joe biden in costco. there was not one sample that he didn't take. >> he's like a kid at costco. >> so it's interesting. that's the first costco that opened up in d.c. and of course, there are a lot of people excited about it, and people want to go and check it out. when you look at the way costco treats its workers that's where the real story is, right? especially when you care costco to walmart. first let me tell you warehouse workers in southern california have petitioned to include wal-mart as a defendant in a lawsuit about wages. theythe average costco worker makes $17 an hour. and average wage for walmart work is $8.81 an hour. >> cenk: that is an enormous difference. costco is not out of business. they're profitable and per employee, this gives you a
cuts. >> obama: joe biden was in costco. he wanted to buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. >> cenk: and then i handed him in a pen. >> my favorite reality show on television is joe biden in costco. there was not one sample that he didn't take. >> he's like a kid at costco. >> so it's interesting. that's the first costco that opened up in d.c. and of course, there are a...
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Dec 14, 2012
12/12
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that's why we don't have an agreement. >> president obama insists on raising taxes on the top 2% of earners, but even he recognizes that's a tough sell. >> the idea of not raising taxes has become sort of a religion for a lot of members of the republican party. >> speaker boehner accuses the president of dragging out negotiations. >> unfortunately the white house is so unserious about cutting spending that it appears willing to slow-walk any agreement and walk our economy right up to the fiscal cliff. >> here on capitol hill speaker boehner joined many of his colleagues in taking a long weekend off, frustrating those who want all of congress to keep working until a deal is done. >> two two-day workweeks in a row. this is just not right. how does this make sense? >> reporter: >> but even if congress stays in town, it probably will not help with only president obama and speaker boehner the only two parties negotiating. >> most of us here are not in the loop of what they are discussing. >> as of this morning, they're not scheduled for any more talks. now, more and more republicans say the part
that's why we don't have an agreement. >> president obama insists on raising taxes on the top 2% of earners, but even he recognizes that's a tough sell. >> the idea of not raising taxes has become sort of a religion for a lot of members of the republican party. >> speaker boehner accuses the president of dragging out negotiations. >> unfortunately the white house is so unserious about cutting spending that it appears willing to slow-walk any agreement and walk our...
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Dec 3, 2012
12/12
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there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we have a counter at some point in the next couple of days. where they go in terms of those numbers i don't know because this would be the first time that either party has to move far off of its talking points. both parties made offers that are basically what the talking points are. now we get to the nitty-gritty. who is willing to show a little leg and compromise. >> quite a metaphor. >> whoa! >> you show a little leg. >> rise above, show a little leg. it's all the same. thank you. >> poor guy he is doing a serious report -- >> and then you guys chime in. >> the "fast money" hounds
there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we...
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Dec 17, 2012
12/12
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raising their taxes, 3.6% on the obama rich is around 44 billion next year. raising taxes on boehner rich, that gives us about half that amount, about 20 billion. now aside from the smaller numbers of course, the boehner rich get income from capitol gains. raising their income tax rate has less of an impact. $20 billion is still a lot of money and boehner's offer is a good starting point. they a agreed to midpoint at 500 thousand, that could be good. but in government terms that is bet are for politics than for economics. >> and our viewers, smart punch. if they watched last week, they know we threw out this number. >> right. >> 3.million. that's the number of households filing income taxes. 3.2 million, that the number of households that also reported income below 500. so 83% of the rich are the working wealthy. they make between 200 and 500. >> that's in terms of population. now the income chart are really askewed when you get to the hospital. that top group on the average income for the 1 million plus group is 3.6 million. so the big chunk of income is rea
raising their taxes, 3.6% on the obama rich is around 44 billion next year. raising taxes on boehner rich, that gives us about half that amount, about 20 billion. now aside from the smaller numbers of course, the boehner rich get income from capitol gains. raising their income tax rate has less of an impact. $20 billion is still a lot of money and boehner's offer is a good starting point. they a agreed to midpoint at 500 thousand, that could be good. but in government terms that is bet are for...
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Dec 4, 2012
12/12
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out there, the republican from oklahoma, who said we're draz si if we don't extend the middle class tax cuts. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes back if we do nothing. >> the conversation in washington being separate from what it feels like the real needs of the country, a familiar feeling for me. i often have this frustration that the beltway discussion is not what the important questions are that are facing the country. in this case, i feel like as long as we're willing to talk about the economic needs of the country, as long as we're willing to talk about fiscal policy, how can it be we're not talking about new stimulus. the republicans ran against that as if the stimulus was this awful thing. but the republicans lost and we have an ec
out there, the republican from oklahoma, who said we're draz si if we don't extend the middle class tax cuts. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes...
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Nov 7, 2012
11/12
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obama is demanding an end to the upper income tax cuts and house speaker boehner is signals he will oppose that. republicans are demanding changes in entitlement programs and senate majority leader harry reid says he will not tinker with social security to get a deal. >>shepard: job creation? >>reporter: obama criticized mitt romney for claiming that he would create 12 million jobs over the next four years but not spelling out how. some economists think the country is primed to create ten million or 12 million no matter who is in the oval office. last night, the president possibled to reach across the aisle to create jobs but there was not much in the way of details. >> you elected us to focus on your jobs, not ours. in the coming weeks and months, i am looking forward to reaching out and working with leaders of both parties. >>reporter: most doubt the country will be down to 6 percent unemployment in the next couple years so the run up to 2016, jobs will likely again be the issue. >>shepard: got to talk about that already? thank you, wendell from chicago. look at the dow again if we could
obama is demanding an end to the upper income tax cuts and house speaker boehner is signals he will oppose that. republicans are demanding changes in entitlement programs and senate majority leader harry reid says he will not tinker with social security to get a deal. >>shepard: job creation? >>reporter: obama criticized mitt romney for claiming that he would create 12 million jobs over the next four years but not spelling out how. some economists think the country is primed to...
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Dec 21, 2012
12/12
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>> reporter: now boehner has learned his house republicans might reject any tax hikes. i'm steve handelsman, nbc news, capitol hill. >>> the off-camera private meeting of the republicans last night produced some fireworks as speaker boehner pleaded with his gop colleagues. luke russert had some of the details of what happened. >> john boehner and a very somber manner went before his conference and said, i don't have the votes. he made a plea sort of saying we really need this. we need this to keep our negotiating power with president oba obama. folks inside the meeting just shook their heads. at one point, representative mike kelley from pennsylvania got up, stood in front of the entire house gop conference and started screaming saying they needed to rally around the speaker. that he needed to stay unified. this was their moment and, folks shook their head and acknowledged they didn't have the votes at which time john boehner said, well, hopefully see you after christmas. >> reporter: the governor of connecticut is calling for a moment of silence this morning to mark on
>> reporter: now boehner has learned his house republicans might reject any tax hikes. i'm steve handelsman, nbc news, capitol hill. >>> the off-camera private meeting of the republicans last night produced some fireworks as speaker boehner pleaded with his gop colleagues. luke russert had some of the details of what happened. >> john boehner and a very somber manner went before his conference and said, i don't have the votes. he made a plea sort of saying we really need...
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Nov 8, 2012
11/12
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john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help. our next guest says obama's victory will lead to a risk on phase in markets especially when it comes to the u.s. dollar. joining us is dara mahr. >> it lasted for about 20 minutes, didn't it? we did say it would show how preoccupied the market is with this fiscal cliff. bam, bernanke, no china standoff, if that faded that quickly, it really just und underlines how important this fiscal cliff is for markets going forward. >> so much of the selling pressure we saw yesterday came during the european session and again today, we're seeing europe fall sharply not necessarily on what's happening out of the u.s., but apparently concerns about spain. >> yeah, i think we've had a confluence of events here. we had soft german numbers, we had draghi saying germany's been dragged into this eurozone crisis and i'm ready to buy bonds that won't push up inflation and of course we're all waiting for spain to ask for helpnd and the signal is that the market is gett
john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help. our next guest says obama's victory will lead to a risk on phase in markets especially when it comes to the u.s. dollar. joining us is dara mahr. >> it lasted for about 20 minutes, didn't it? we did say it would show how preoccupied the market is with this fiscal cliff. bam, bernanke, no china standoff, if that faded that quickly, it really just und...
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Dec 29, 2012
12/12
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higher tax rate. john boehner floated a plan that would have kept low rates for those making up to a million dollars. two house members talked to us earlier today about where the tax issue is likely heading. >> the $400,000 level seems to me to be about right. that represents about the top 1% of income earners in the country. we need to save tax hikes on as many americans as we can. i kind of feel like i'm a life guard and we got to save as many people from crown not guilty higher taxes as we can. >> the challenge is finding the right figure to win some republican support in the senate and attract enough votes to pass the house. kelly. >> kelly: interesting comment right there, feeling like a life guard. many people are wondering if they're going to do that on capitol hill. thanks so much. going to be an interesting new year. watch fox sunday tomorrow. chris wallace talks with lindsey graham and nine fine stein. check your -- diane feinstein. >> heather: new york city police have a woman in custody wh
higher tax rate. john boehner floated a plan that would have kept low rates for those making up to a million dollars. two house members talked to us earlier today about where the tax issue is likely heading. >> the $400,000 level seems to me to be about right. that represents about the top 1% of income earners in the country. we need to save tax hikes on as many americans as we can. i kind of feel like i'm a life guard and we got to save as many people from crown not guilty higher taxes...
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Dec 22, 2012
12/12
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everybody gets to vote for a tax cut, obama tax cuts but they are tax cuts. >> here's the deal. it was president obama, he has to realize he won the election but the house of representatives, the republicans won the house of representatives. and he has to go back and turn the negotiations and, one thing, the republicans will not allow for a tax increase and are like that defensive line, the go line and, basically president obama cannot get in, and there is -- what we know is the republicans have agreed to increasing tax revenue but we need to have the spending cuts. if we don't get them under control, what will happen is, we are seeing consumer sentiment is done and businesses uncertain and the economy will stay sluggish and not grow. >> rick: richard, last word, 20 seconds. does the president move at all on entitlements and spending cuts republicans are demanding? >> my forecast is, we'll end up with increased taxes after january 1. for people making $500,000 and over and again, most republicans east see that as a cut and i think the president put spending cuts, medicare, medic
everybody gets to vote for a tax cut, obama tax cuts but they are tax cuts. >> here's the deal. it was president obama, he has to realize he won the election but the house of representatives, the republicans won the house of representatives. and he has to go back and turn the negotiations and, one thing, the republicans will not allow for a tax increase and are like that defensive line, the go line and, basically president obama cannot get in, and there is -- what we know is the...
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Dec 5, 2012
12/12
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yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting with itself. speaker boehner is facing growing backlash from the more conse
yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go...
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Nov 22, 2012
11/12
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romney said the 47% likely to vote for obama were the same 47% who didn't pay federal income taxes and are the same 47% who are dependent on government? that's not even a little bit true, not a little. a lot of the folks who don't pay federal income taxes are seniors, the most republican leaning age group in the country and there is no 47% in the country that refuses to take responsibility for their lives. they just don't exist. romney wasn't all wrong. the number 47% really did hold the key to this election. it was not the number of people who vote for obama. or the number of people that don't take responsibility for their lives or don't pay income taxes, it was in an act of cosmic poetry the number of people who will end up voting for mitt romney in the 2012 election. dave wasoer man, an analyst at the cook political report has been crunching the final votes from the election and as of tonight romney is down to
romney said the 47% likely to vote for obama were the same 47% who didn't pay federal income taxes and are the same 47% who are dependent on government? that's not even a little bit true, not a little. a lot of the folks who don't pay federal income taxes are seniors, the most republican leaning age group in the country and there is no 47% in the country that refuses to take responsibility for their lives. they just don't exist. romney wasn't all wrong. the number 47% really did hold the key to...
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Dec 18, 2012
12/12
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wait a second, these tax rates are going up anyway. why should we give up medicare, raising the eligibility age which is terrible policy in order to get what we're going to get anyway. >> so an intangible question. do you think the horror that we've been living the last several days -- you don't want to look like the bad guy, i think. >> i think that will make a short term deal more likely. but whether it gets to the heart of the issue about what you do with the debt ceiling. if boehner gives tax breaks in any degree to the president, i don't know how he keeps his caucus in line. they want to fight on something. >> i've got a sense the president has a plan here. i think he's cool hand luke in this one. he's got a series of this week we did this, this week we'll squeeze a little harder. and then we finally cut a deal when they've given up. >>> let me finish tonight with this. i'm hopeful about the cliff, the fiscal cliff. i'm hopeful that the president can get the change in the top rate and we can get a balanced plan to cut the growt
wait a second, these tax rates are going up anyway. why should we give up medicare, raising the eligibility age which is terrible policy in order to get what we're going to get anyway. >> so an intangible question. do you think the horror that we've been living the last several days -- you don't want to look like the bad guy, i think. >> i think that will make a short term deal more likely. but whether it gets to the heart of the issue about what you do with the debt ceiling. if...
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Dec 4, 2012
12/12
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obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans. >> this president, i think the president with president obama he's a small minded president in big times. he is talking about 35 verses 39.6 for people who make over a million dollars. that doesn't get us out of debt. >> both sides will be taking their plan to the public this week they will meet with governors for state business he's meeting with the governors today. john boehner will be with governors plus conduct rallies with small business owners. we don't know if these two sides are going to reach an agreement any time soon and the fiscal cliff is past approaching. >> thank you very much. we are going to keep with the fiscal cliff and take a look at who is talking. charles krauthammer weighing in on the negotiations. the approach on the presid
obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans. >> this president, i think the president with president obama he's a small minded president in big times. he is talking about 35 verses 39.6 for people who make over a million dollars. that doesn't get us out...
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president obama is going make the case that look i won the election and i ran on raising the tax rates on the rich. but the republicans in the house said wait we won our election and we won on not raising the tax rates. there's a mexican standoff and erin right now i think they are right back where they started but do i think there's a good chance given the fact that fiscal cliff will hit in a number of weeks that there is going to be some kind of a deal truck. >> let me ask you, exit polls from tuesday night, when voters were asked whether tax rates should be raised, here's what they said. 13% increased them for everyone. 47% increase for over $250,000. obviously most voters are not in that category so maybe it's easy to say that. no increase at all, 35%. a significant number there. should the the gop start to negotiate for increased taxes on people who make over $250,000 because that's what the voters want? >> i don't think you can solve this problem without more revenues therefore i don't think you can solve this problem without changing the tax structure from duce more revenues whe
president obama is going make the case that look i won the election and i ran on raising the tax rates on the rich. but the republicans in the house said wait we won our election and we won on not raising the tax rates. there's a mexican standoff and erin right now i think they are right back where they started but do i think there's a good chance given the fact that fiscal cliff will hit in a number of weeks that there is going to be some kind of a deal truck. >> let me ask you, exit...
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Dec 28, 2012
12/12
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CNNW
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but the danger for them is that these stopped being the bush tax cuts and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win for republicans, but if those tax cuts ended up getting branded as obama's tax cuts that he passed after we went over the fiscal cliff, it then loses whatever upside there was for republicans, except, and we have to mention this, for republicans vulnerable to primary challenges, there's obviously a lot of anxiety about being, you know, the first republican in 20 years to vote for a tax increase. i think that's the big fear, that it's been so long. republicans haven't cast this kind of vote. you don't want to be the first one to do it. >> yeah, and charles, we're told the democrats may be waiting
but the danger for them is that these stopped being the bush tax cuts and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win...
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Nov 29, 2012
11/12
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CNBC
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the one thing we do know, your taxes are going up from an obama care tax attack. no matter what happens on the fiscal cliff. and is another bailout nation on the way? student loans up to $1 trillion, huge delinquency rates, default rates going sky high, no credit standards and sky high tuition. sound likes a real bad story to me. ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank finefein. >> the highlight of the meeting was the intensity from which the white house emphasized that marge al rates as a matter of math and politics have to go up somewhat, if not all the way to 31.6 had to go up and as p he said as a necessary ingredient of a deal, he would support such a rate. >> the president said we would pursue our own interests. i'm not -- i'm certainly not insisting, i don't even desire higher rates. i think there lab drag if revenue goes up and rates go up. but i think there will also be a drag on the american economy if our budget deficit widens out fo
the one thing we do know, your taxes are going up from an obama care tax attack. no matter what happens on the fiscal cliff. and is another bailout nation on the way? student loans up to $1 trillion, huge delinquency rates, default rates going sky high, no credit standards and sky high tuition. sound likes a real bad story to me. ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank...